We expect a $337.838 movement on USDCAD within 4 hours following the release of Non Farm Payrolls at 03 Apr 23:30. We expect USDCAD to trend upwards 4 hours following the event release at 03 Apr 23:30 if the released value is > -100K. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

07 Mar 00:30	08 Feb 00:30
07 Dec 00:30	05 Jul 22:30
05 Apr 23:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).